THE REVERSION

Equities are trading higher and continuing the move off the lows from yesterday- The SPX +8.5, NAZ +15 and DJIA +85.

Strongest sectors- nat gas, internets, energy, retail and ags while brokers, metals, reits, gaming, homies and real estate lags.

NYSE-900 net winners;

NAZ- flat internals;

SPX- 390 GREEN;

NDX- 78 GREEN;

TRIN- .92 with up volume about 2x the down;

VIX- 22.2 and lower by 2% and trading about 2% under the SMA 10.

RSI 2 levels at near 80 on most major indexes with the NDX/QQQQ over 85.

One winning group today is energy and it has lagged since late October and may be ready for some reversion to the mean trading- so buying some DIG and still long BRF GDX QLD QQQQ.